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ETHUSD H4: 35% correction warning distribution TP 1000 USD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: ETHUSD 4hours chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: limited upside / expect dump from HIGHS ::: weakness will last for 3-5 weeks ::: LOG SCALE chart ::: not a great looking chart ::: decent BOUNCE in progress after CPI print ::: however limited upside going forward ::: sequence of lower lows / lower highs ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from range highs ::: final TP BEARS is 1000 usd ::: 30-35% correction possible next ::: 4-8 weeks in December/January ::: right now limited upside in this market ::: position traders should wait for ::: better entry prices later after ::: final PUMP possible to trap BULLS ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +35% gains - near 1000 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/35% ::: Sentiment short-term: BULLS/FAKE FINAL PUMP
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